Niles, MI, offers a cost of living that is slightly below the nationwide average. The overall cost of living index stands at 89, reflecting lower expenses in housing, transportation, and utilities. Job seekers will find that expenses in Niles are about 11% less than the national average, making it a potentially attractive option for budget-conscious individuals.
Each category provides insight into the cost differences. Housing costs 20% less than the national average, while utilities are only 5% below the average. Transportation expenses are about 15% lower, but healthcare costs remain in line with the national average. This balanced profile highlights Niles as a cost-effective place to live while still providing access to essential services.
Niles, MI, offers a cost of living that compares favorably to the nationwide average, which is set at 100. Housing costs in Niles stand at 80 on the cost of living index. This means residents spend 20% less on housing compared to the national average. Such affordability can make Niles an attractive option for job seekers looking to maximize their housing budget.
In addition to housing, groceries in Niles cost 90 on the index, which is 10% less than the national average. This modest reduction can be a significant benefit for those managing monthly grocery expenses. Utilities in Niles also remain competitive, with an index of 95, indicating only a 5% increase over the national average. Transportation costs are slightly lower in Niles, with an index of 85, representing a 15% savings. Healthcare costs in Niles match the national average at 100, providing a neutral point for job seekers considering these expenses. Miscellaneous expenses show Niles at 92 on the index, which is 8% below the national average. This comprehensive look at Niles’ cost of living highlights the areas where residents can expect to save, making it an appealing option for those seeking a balanced lifestyle.
